We will also interpret your partnership or LLP agreement to ensure that its terms are correctly being reflected in the practice accounts. We will carry out agreed upon procedures to enable us to certify your accounts with an accountant's report.
Any regulated business which holds client money needs to ensure that it complies with its governing body's regulations regarding the stewardship of client money.
If your firm is registered as an LLP or Limited Company it may by law be required to file audited accounts. We will assess the position for you and provide a statutory audit service if it is required.
We will prepare and file your partnership/LLP and partners' personal tax returns. Where necessary we offer annual one to one meetings with the partners to better understand their personal tax affairs.
We will draw on our experience to report to you on financial management issues affecting your business.
A number of professional partnerships have still to fully consider the complete list of pros and cons of conversion to an LLP or to a Limited company structure.
Each practice has its own distinct characteristics and we work with you to find the answers to your questions. We present information to the partners in a clear, non technical manner.
These are matters on most partnership meeting agendas. We have experience in discussing and implementing partner reward structures and can help you design systems to suit your business model and firm aspirations.
We can prepare you. We can be instructed for various levels of involvement, from complete handholding through a transaction to being used as a soundboard for issues as they arise.
